Kratos Defense & Security Solutions (KTOS)
Operating profit margin
| Mar 31, 2025 | Dec 31, 2024 | Sep 30, 2024 | Jun 30, 2024 | Mar 31, 2024 | Dec 31, 2023 | Sep 30, 2023 | Jun 30, 2023 | Mar 31, 2023 | Dec 31, 2022 | Sep 30, 2022 | Jun 30, 2022 | Mar 31, 2022 | Dec 31, 2021 | Sep 30, 2021 | Jun 30, 2021 | Mar 31, 2021 | Dec 31, 2020 | Sep 30, 2020 | Jun 30, 2020 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Operating income (ttm) | US$ in thousands | 28,600 | 29,000 | 38,100 | 43,800 | 38,000 | 32,100 | 24,100 | 8,700 | 6,100 | 4,500 | 9,600 | 23,300 | 22,500 | 27,900 | 27,700 | 30,300 | 29,900 | 29,700 | 30,000 | 28,400 |
| Revenue (ttm) | US$ in thousands | 1,161,700 | 1,136,300 | 1,127,000 | 1,125,700 | 1,082,500 | 1,037,100 | 1,012,600 | 966,600 | 933,900 | 898,300 | 860,600 | 832,600 | 813,500 | 811,500 | 806,300 | 807,700 | 773,000 | 747,700 | 726,400 | 708,500 |
| Operating profit margin | 2.46% | 2.55% | 3.38% | 3.89% | 3.51% | 3.10% | 2.38% | 0.90% | 0.65% | 0.50% | 1.12% | 2.80% | 2.77% | 3.44% | 3.44% | 3.75% | 3.87% | 3.97% | 4.13% | 4.01% |
March 31, 2025 calculation
Operating profit margin = Operating income (ttm) ÷ Revenue (ttm)
= $28,600K ÷ $1,161,700K
= 2.46%
The operating profit margin of Kratos Defense & Security Solutions has exhibited notable fluctuations over the period from June 2020 to March 2025. Initially, the margin hovered around 4.0%, with a peak of 4.13% observed as of September 2020. Subsequently, there was a slight decline, with the margin decreasing to approximately 3.44% by September and December 2021.
From early 2022 onward, a downward trend became evident, with the margin dropping sharply to 1.12% as of September 2022 and further declining to 0.50% by December 2022. The first quarter of 2023 showed a modest recovery to 0.65%, followed by continued improvement in the subsequent quarters, reaching 3.51% in March 2024.
However, this upward momentum appeared to be temporary, as the margin decreased again to 2.55% in December 2024 and further to around 2.46% in March 2025. Overall, the operating profit margin demonstrated periods of relative stability and modest recovery amid a general trend of decline from its initial levels in 2020. The substantial erosion in margin during late 2022 and early 2023 reflects challenges in profitability, which subsequently partially improved but did not return to earlier peak levels.
Peer comparison
Mar 31, 2025